Pearland Power Contracting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00857839 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2019

FOR

PEARLAND POWER CONTRACTING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J E Hunter

Miss H M Bradshaw

REGISTERED OFFICE:

61 Station Road

Sudbury

Suffolk

CO10 2SP

REGISTERED NUMBER:

00857839 (England and Wales)

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

110,094

Tangible assets

4

110,075

CURRENT ASSETS

15,767

Debtors

5

15,767

4,812

Cash at bank

5,259

20,579

21,026

CREDITORS

9,822

Amounts falling due within one year

6

10,056

10,757

NET CURRENT ASSETS

10,970

120,851

TOTAL ASSETS LESS CURRENT LIABILITIES

121,045

14,449

PROVISIONS FOR LIABILITIES

14,445

106,402

NET ASSETS

106,600

CAPITAL AND RESERVES

1,500

Called up share capital

7

1,500

91,214

Revaluation reserve

8

91,214

24,300

Capital redemption reserve

24,300

(10,612

)

Retained earnings

(10,414

)

106,402

SHAREHOLDERS' FUNDS

106,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 6 December 2019 and were signed on its behalf by:

J E Hunter - Director

1.	STATUTORY INFORMATION

Pearland Power Contracting Limited is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on the

Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Tools and equipment

-

10% on reducing balance

Turnover

Turnover represents the value of rental income invoiced and received during the year.

Financial instruments

The company enters into basic financial instrument transactions, as appropriate and as when required,

that result in the recognition of financial assets and liabilities within the financial statements such as

trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Tools and

Totals

property

machinery

equipment

£

£

£

£

COST OR VALUATION

At 1 August 2018

and 31 July 2019

119,954

115,370

3,824

760

DEPRECIATION

At 1 August 2018

9,860

5,370

3,762

728

Charge for year

19

-

16

3

At 31 July 2019

9,879

5,370

3,778

731

NET BOOK VALUE

At 31 July 2019

110,075

110,000

46

29

At 31 July 2018

110,094

110,000

62

32

Cost or valuation at 31 July 2019 is represented by:

Freehold

Plant and

Tools and

Totals

property

machinery

equipment

£

£

£

£

Valuation in 2017

105,645

105,645

-

-

Cost

14,309

9,725

3,824

760

119,954

115,370

3,824

760

Freehold property was valued on an open market basis on 31 July 2019 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Other debtors

15,767

15,767

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Tax

483

439

Director's current account

8,781

8,591

Accruals and deferred income

792

792

10,056

9,822

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.19

31.7.18

value:

£

£

1,500

Ordinary shares

£1

1,500

1,500

8.

RESERVES

Revaluation

reserve

£

At 1 August 2018

and 31 July 2019

91,214